Zacks: Misonix, Inc. (MSON) Receives Average Recommendation of “Strong Buy” from Brokerages

Shares of Misonix, Inc. (NASDAQ:MSON) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price target of $26.00 for the company, according to Zacks. Zacks has also given Misonix an industry rank of 78 out of 257 based on the ratings given to its competitors.

MSON has been the subject of several recent research reports. Canaccord Genuity started coverage on Misonix in a report on Friday, August 24th. They set a “buy” rating and a $24.00 price objective for the company. Craig Hallum started coverage on Misonix in a research report on Tuesday, September 11th. They set a “buy” rating and a $28.00 target price on the stock. Finally, TheStreet cut Misonix from a “c” rating to a “d+” rating in a research report on Friday, September 7th.

Several large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in Misonix by 1,487.5% in the third quarter. Wells Fargo & Company MN now owns 6,350 shares of the medical equipment provider’s stock worth $117,000 after purchasing an additional 5,950 shares during the last quarter. Acadian Asset Management LLC boosted its position in Misonix by 388.8% in the third quarter. Acadian Asset Management LLC now owns 8,212 shares of the medical equipment provider’s stock worth $152,000 after purchasing an additional 6,532 shares during the last quarter. BlackRock Inc. boosted its position in Misonix by 39.0% in the second quarter. BlackRock Inc. now owns 25,660 shares of the medical equipment provider’s stock worth $318,000 after purchasing an additional 7,203 shares during the last quarter. Bridgeway Capital Management Inc. boosted its position in Misonix by 24.3% in the third quarter. Bridgeway Capital Management Inc. now owns 68,100 shares of the medical equipment provider’s stock worth $1,260,000 after purchasing an additional 13,300 shares during the last quarter. Finally, Manatuck Hill Partners LLC purchased a new position in Misonix in the third quarter worth $329,000. 13.25% of the stock is currently owned by institutional investors.

Shares of NASDAQ MSON traded up $1.47 during midday trading on Friday, hitting $16.54. 22,527 shares of the stock traded hands, compared to its average volume of 16,946. Misonix has a one year low of $8.25 and a one year high of $21.43.

Misonix (NASDAQ:MSON) last released its quarterly earnings data on Thursday, November 8th. The medical equipment provider reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.09). The firm had revenue of $9.36 million for the quarter. Misonix had a negative net margin of 23.24% and a negative return on equity of 14.05%.

About Misonix

Misonix, Inc, together with its subsidiaries, designs, develops, manufactures, and markets therapeutic ultrasonic medical devices in the United States, the Americas, Europe, Middle East, Asia Pacific, Africa, and internationally. The company offers BoneScalpel, an ultrasonic bone cutting and sculpting system for surgical procedures involving the precise cutting of bone while sparing soft tissue; SonaStar, a surgical aspirator that is used to emulsify and remove soft and hard tumors primarily in the neuro and general surgery field; and SonicOne, an ultrasonic cleansing and debridement system, which provides tissue specific debridement and cleansing of wounds and burns for the removal of devitalized tissue and fibrin deposits while sparing viable cells.

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